| Feature | Description |
| Accounts | - Changed FHSA participation period start to account opening and closes at beginning of 16th year and year after client turns 71.
- Adjusted FHSA yearly contribution limit to accumulate carry forward values from the purchase year onward.
- Updated Annuity to display correct values on the dashboard.
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| Reports | - Updated file name to no longer appear as URL encoding when viewing recent reports/attested modals.
- Modified file naming in Export Raw Data and Images to display as Single Plan or Plan Comparison for clarity regarding the simulation context.
- Added a new line break to separate the headers in Corporate and Estate Roll Up report.
- Fixed report generation failure when zero inflation value is selected.
- Adjusted insurance payout to display as income and expense instead of surplus or shortfall.
- Investment Account Fee for each year and Mortgage Payment now has a single row in the table.
- Updated border sizing for tables within the same page and aligned columns of the tables within the page.
- Corrected an issue wherein Spousal Loans were not correctly reflected in reports including but not limited to Net Worth Report, Detailed Net Worth Report.
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| Taxes | - ON Surtax now calculated before dividend credits.
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| Salesforce | - Update Whole Life Insurance Mappings.
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| Users | - Added the ability to locate SubGroups alongside subscriptions in one menu.
- Updated AdviserGo Client Search to work with French characters.
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| Client | - Updated dashboard and plan facts report to accurately display ages calculated based on plan start year versus the current year.
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| Feature | Description |
| Goals | - Introducing two new goal types: Gifting and Buy Property. The gifting goal can be used to track gifts to charities or others with corresponding tax implications. The buy property goal can be used with any asset type and will create a linked property/asset in the plan.
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| Insurance | - Added validations to ensure that the user selects a valid payout account.
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| Trusts | - When Trust set to distribute All capital, any of the Trust owned property should be transferred to beneficiary by transferring ownership and carry over the original cost basis without taxes being incurred.
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| Debts | - When mortality occurs, while an insurance policy is linked to a (jointly-owned or owned by the secondary) mortgage debt, there is no longer a final payment on the mortgage but instead including that amount into the payoff of the remaining mortgage debt.
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| Taxes |
- FHSA won’t withhold tax in the mortality year of the owner. If the spouse is alive in the owner’s mortality year, the money in the FHSA will be transfered to spouse’s FHSA. If spouse doesn’t have FHSA and primary’s FHSA closure option is Transfer, the funds will be transfered to spouse’s RRSP or RRIF (without any new tax introduced).
The FHSA will be liquidated on death when certain conditions are met
- If a person dies with unpaid taxes and the person has a property which is not a primary residence, we will now liquidate the property to fulfill the taxes. The recipient of any estate property is now responsible for any unpaid taxes of the deceased.
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| Assets | - The full asset value is now being attributed to the survivor in the event a jointly-owned asset purchase in the future occurs after one of the people on the plan reached their mortality event.
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| Pension | - Corrected randomly occurring distortion in optimization algorithm.
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| Accounts |
- The Line of Credit is now available as a payment source for all expenses and debts that already have the Payment Source tab. Other types of debts or loans are not included intentionally.
- Use preferred funding source in liquidation order that's input.
- For nonregistered CA investment accounts, fees have been separated out from the capital appreciation and yield transactions so that the account is first grown and then a separate fee expense is generated and fulfilled from the account.
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| Reports |
- Disallow users from spamming the generate report button while a report is currently being generated.
- Variable Annuities will now be displayed under the Retirement Accounts section of the Fact Find Report.
- Corrected an issue with legends not present on exported reports
- The reports now display the Gifting and Buy Property Goal types.
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| Feature | Description |
| Reports | - Transfer Payout to account of insurance proceeds now shows on cash flow reports.
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| Stock |
- Hides Vested/Exercised shares tab if the year of a stock grant is after the plan start year. If not, then the tab shows but there are additional validations for vested and exercised date fields.
- Stock Grants now displaying in Year View under the Investments tab. Was due to non handling of whitespace and special characters properly in client name.
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| Company |
- Added a new dropdown for Company Ownership Transfers called Transfer Type with three values Preferred Shares Only, Common Shares Only, All shares.
- Corrected an issue on the Estate Analysis Report with the change in value of a corporation. It should simply be based on the common shares where value has already been assigned to the preferred shares.
- Share Buy Back feature introduced. Please see feature document for details. Feature key required company-share-buybacks.
- Added Company Buy Back Shares to the Plan Facts and Assumptions Report.
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| Loans | - Corrected an issue with Shareholder loan repayment and property sale in same year.
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| Pension | - Corrected an issue with OAS clawback, also inserted correct OAS payment amount for 2024 of CA$713.34.
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| Calculation | - The adjusted aggregate investment income calculation has been updated to include dividends and taxable capital gains. The correction of AAII applies to both federal and provincial small business deduction phaseout amounts and eliminates a potential understatement of corporate taxes.
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| Feature | Description |
| Trust |
- The placeholder text for Inception Year of an existing trust is now set to the current year rather than the previous non-sensically low numeric value.
- Fixed an issue where trust capital or income distributions to a person outside plan go to an account owned by the plan primary or spouse.
- Previously when adding a step to the trust payout amount, the value was not retained and instead reverted to zero.
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| Financial Assumptions |
- We have refreshed the Custom Market Assumptions uploader with a new look, including the ability to preview the investment classes & their specific rates. This feature has moved from the Profile Dropdown to the new Financial Assumptions dropdown on the main advisor route.
- Things moved to the Financial Assumptions dropdown are Subscription Preferences, Model Portfolios, Market Assumptions, Tax Regimes.
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"
| Legacy |
- Exclude same year property purchase that has not been fulfilled since the expectation is that the asset is either purchased or not purchased but never both.
- Fixed a bug where the Legacy Overview page displayed inconsistent legacy amounts between the chart and detailed view.
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| Reports |
- Since Potential IHT/Estate Tax is real money eligible, the real money icon will now appear on the right side of the reports page if the Potential IHT/Estate Tax insight report is selected and the real money toggle is on.
- Value of corporation in Current Year Net Worth was incorrectly reduced by liability.
- Cashflow Report- Planned withdrawals from corporation will no longer show as allocated to savings.
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| Accessibility |
- Added alert for screenreaders on plan change saves.
- Fixed footer for a11y reports- were causing additional pages and were not properly aligned.
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| Dashboard | - Cash Sweeps are now categorized into separate bucket on the dashboard.
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| Taxes |
- The tax chart was including Trust taxes which it should not.
- Additional corrections to 2024 AMT calculation including use of standard tax total taxable income value in calculation of charitable donation credit and exclusion of non-eligible dividends in calculation of adjusted income.
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| FHSA |
- Tax will be withheld on non-qualified withdrawals and taxable accounts closures.
- Carry forward and Participation Room values now reflect lifetime limits and the ending of the participation period, and now accounting for total contributions as tax deductible.
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| Property | - The Inflation Rate input field is now hidden for new purchases, provided that the market value is entered as a future value.
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| Income | - Interests, dividends and taxable gains are now included in the adjusted net family income when calculating the government grant and bond amount for RDSP and RESP. Before this ticket, adjusted net family income in Voyant only included earned income.
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| Pension | - Issues with CPP sharing and the CPP value displayed in tax year view have been corrected.
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| Insurance | - Corporate joint last to die insurance was incorrectly inflating the taxes on death.
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| Feature | Description |
| KnowlegeBase | - Support|For multi-tenant users only (non-enterprise), a link to Voyant’s Support Knowledge Base is now displayed in the upper right corner in AdviserGo.
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| Transfers | - Fixed a bug where the red validation border is still active when the Transfer From account is already selected.
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| Loans |
- Added a Present Value vs. Future Value toggle for future loans, hidden for existing loans.
- Fixed a bug in Loan payment at Beginning of Year wherein the loan payment interest income was double counted.
- Future Loans|Payment will no longer be inflated by default for future loans. Added the ability to specify Present Value or Future Value.
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| Annuities | - Fixed a bug where the Max without Penalty withdrawal type was conditionally an option. Now always an option.
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| Stock Grant | - Stock Grant Year View Details – The display of Price (Start of Year), Price (End of Year), and Strike Price values has been updated to show values down to the penny.
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| Company |
- Fixed a bug in CA Company where Company holds a loan to Person Outside_Plan. The balance of this loan should be collected and distributed to Company Owners.
- Fixed a double counting issue when a company does not have sufficient funds to make full payment for a share holder loan, the partial payment is double counted in Cash Flow chart and details.
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| Loss Capacity | - Exlcluded company shortfall from loss capacity simulation to prevent a zero percent return when company already had a previous shortfall.
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| Tax |
- Corrected an issue with RDTOH calculation- see ticket for details.
- The marginal tax rate calculation has been updated to include the ON surtax and QC abatement. See ticket for details.
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| Insight | - CA Pension Transfer Insight Calc Note|Added a note to the CA Pension Transfer Insight in the Retirement Income tab specifying how the spending capacity is calculated.
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| Report |
- Potential Estate Tax Report|Dual comparison version now shows Estate Before Taxes, Estate Tax, Net Estate.
- Fixed estate analysis report not running in a certain scenario with an annuity in the plan.
- Current Year Cash Flow Report|Fixed formatting issue impacting subsequent reports when the Current Year Cash Flow Report exceeds one page.
- Carryover Tax Expense|We added logic to further specify the Owner for Estate Reports to prevent duplicate labeling.
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| Adviser->AdviserGo | - Term Life Insurance | Added fields to control benefit and premium escalation over time.
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| Feature | Description |
| Plan Dates | - Move Plan Start Date|Users can now move the base plan start date backward in time. Select Edit Plan Start Date from the plan actions menu under Plan Dropdown, Manage Plans. Moving the date forward will still require the use of the Update and Promote flow.
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| UI |
- Fixed an issue on touchscreen devices, like iPad, where users were unable to hide/unhide chart items via the legend.
- Fixed an uncommon issue where users were unable to save a 0% value if the input was previously blank.
- Missing heading on tax bracket tab caused spacing issues.
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| Accessibiliy |
- Improved Accessibility on the Login Page by adding appropriate alt attributes to images and form inputs, ensuring proper ARIA roles utilized, enhancing keyboard nav and focus management, verifying contrast ratios for text and background colors, etc. General housekeeping.
- Added accessible headings and styles for What If flows.
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| Liquidation | - Stock Grant Liquidation|Enhanced the user experience by changing the liquidation type labels for clarity. From Fixed Amount to Fixed Amount Recurring. From Number Of Shares to Number Of Shares Recurring.
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| Stock Grant | - ESO - Sell percentage of the shares to purchase the rest issues resolved.
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| Estate |
- Potential IHT Insight|Redesigned UI Charts and Report to include yearly analysis of before benefits, death benefits, before taxes, Inheritance Tax, Estate Distribution, and Net Estate.
- Potential Estate Tax Simulation and Report|Extended Timeline to Plan End
- Potential IHT Insight|Result values includes before benefits, death benefits, before taxes, Inheritance Tax, Estate Distribution, and Net Estate.
- Feature Key for IHT Insight is potentialTaxInsight- new chart type called Estate Analysis
- Potential IHT Report|Redesigned UI Charts and Report to include yearly analysis of before benefits, death benefits, before taxes, Inheritance Tax and Net Estate.
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| Transfers | - Unmatured employer-sponsored RRSP now can transfer to unmatured personal RRSP after retirement.
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| ClientGo | - Users can now edit expenses added by their advisor via AdviserGo- previously a user was able to edit expenses entered in ClientGo only.
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| Admin | - Feature Key Descriptions|In the admin console, feature keys now have descriptions in a new column.
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| Year View | - Improved the Year View data for RSUs by removing some unnecessary information.
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| Report | - Plan Facts Report | Update windfall value such that it does not have the per month indicator since it is not a monthly value.
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| Feature | Description |
| Inline Help | - Inline Help can be set on by default by administrative user or Voyant support by enabling the feature key enable-inline-help-default (requires feature key learning-system, can subsequently be turned off persistently by the user if desired.)
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| Events | - Property and Multi-year expense timing are now defaulted to the plan end event and not the last mortality event.
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| Stock Grant | - Improved the user experience by simplifying the inputs for stock grant. Stock grant now only needs the remaining shares to be modeled.
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| Calculation Update | - Starting in 2025 the calculation of YAMPE is an additional 14% of the indexed YMPE.
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| AMT | - Additional updates and refinements made to AMT calculation including dividend gross up, dividend credit, charitable donation credits, and other NRTCs.
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| Accessibility | - The A11y report option now provides a zip with chart data, as well as the A11y report pdf.
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| Share Ownership | - Added validation when missing an owner.
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| Guided What If | - Buy A Home and Rightsize Guided WhatIf| now default the property timing to plan end. NOTE that changing owner of property will not impact timing.
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| Year View | - Corrected a situation where Year View showed No Investment Data Available for nnnn (where nnnn is a valid year in plan with investment data) such that the phrase only appears when there is no investment data for the selected year.
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| Feature | Description |
| Charts | - Add person icons to the x-axes on the chart.
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| Report | - Detailed Cash Flow report - corrected Amount Allocated to Savings.
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| Tax Calculation | - Single Year Expenses and Goals may now be designated tax deductible.
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| Tax Calculation | - Small Business Deduction Eligibility Toggle|Companies now have an input that if set to true will disqualify that company from any federal or provincial small business deduction tax eligibility regardless of income amounts.
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| Companies | - Company Ownership Details|Enhanced the user experience by keeping the expanded or collapsed state of the table while moving the year slider.
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| Stock Options | - Fixed erroneous liquidation of an underwater stock option.
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| Insight | - Canada Pension Plan Insight and Quebec Pension Plan Insight|Compare CPP/QPP Pension Plan Benefits by easily adjusting retirement age and life expectancy to maximize benefits.
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| Feature | Description |
| Tax Rate Brackets | - Add an illustration displaying tax rate brackets. Requires effective-brackets feature key be enabled. CA region under Plan Settings/Effective Tax Brackets and visible if two or more tax brackets.
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| Cash Flow Charts | - Fixed an issue where Loan Payments and Insurance chart items appeared in the opposite order between AdviserGo and the Report Cash Flow Charts.
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| Year View | - Corporate Preferred Shares and Share Classes Ownership details are now broken down individually in Year View.
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| Transfers | - When a user adds a transfer from an account edit screen, the UI now requires the user define if the account is the target or destination account.
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| Estate Plan | - Corrected an issue where Canada Estate Processor was incorrectly triggering capital gain on Principal Residence.
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| CPP/QPP | - The NRTCs and tax deductible expenses calculations from CPP2 contributions have been corrected. The entirety of the CPP premium (base amount) up to the YMPE less $3,500 should be used in the NRTC calculation. This calculation also affects the ECPP premium (“additional contributions”) which are used in the calculation of a tax deduction, not a credit.
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| Charitable Donation | - An issue causing charitable donation credits calculations values to be too high in some cases was resolved.
|
| Feature | Description |
| Transfers |
- The UI now seamlessly handles changes to transfer events. When converting a recurring transfer to a single event, the start event automatically becomes the single event. The end event is discreetly retained, ready to reappear if the transfer is switched to recurring.
- Added validation to prevent creating a transfer without a source account
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| Monte Carlo | - Corrected an issue where the spouse age was intermittently plotted on the Monte Carlo chart.
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| Variable Annuities | - You can now add beneficiaries to variable annuities to allocate payouts on mortality.
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| Linking Properties from a Debt | - Resolved an issue where newly linked properties from a debt did not consistently save.
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| Insights | - Insight results charts will now display results using real money values.
|
| Feature | Description |
| Accessibility Improvements | - A number of accessibility improvements have been made including:
- Users can now navigate the charts with their keyboard.
- Screen readers will now announce the legends for the charts.
- Users can now click on the labels in the charts with the keyboard.
- Upgraded the charting library used in AdviserGo to provide additional options to address accessibility needs.
- Corrected multiple table headings and structure.
- To enhance keyboard navigation, all interactive buttons and links now receive clear visual focus indicators when tabbed through. These indicators may include an underline, a change in font weight, a background color change, or a border around the focused item. This enhancement ensures that keyboard users can easily identify and interact with elements throughout the application.
- Corrected several roles issues.
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| Pension Transfer Sim | - The pension transfer simulation now includes Let's See Chart functionality for Canadian users, providing visual insights into the simulation results. Upon completing the simulation, the UI intentionally scrolls to the bottom of the page, ensuring that users can readily access the newly generated charts.
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| Translations |
- The Show Translation Keys toggle has been added to both advisor preferences and plan preferences under the Display section.
- The toggle's visibility is now controlled by the feature key. When the feature key is on, the toggle is visible; when it's off, the toggle is hidden.
- Enable the Show Translation Keys toggle to visualize the location of translation keys within the UI. This visual representation enhances contextual understanding when crafting translations in other languages.
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| Personal Tax Refactor |
- Taxable Income is now separated into three parts:
- Total Income: The total income before any deductions have been applied, except for the 50% reduction for taxable gains.
- Net Income: The total income less deductions. Net Income is now used to calculate the OAS clawback.
- Taxable Income: Net income less Capital gains, LCGE, and stock grant deductions. This section now uses taxable values (50% reduced) for capital gains and related deductions.
- Federal and Provincial Tax: Federal and provincial tax sections have been separated to include federal and provincial-specific income tax, deductions, and credits, and net income.
- Tax Summary and Carryover Amounts: This section now only includes the Cumulative Income Taxes field from the previous cumulative taxes section. Contribution/Carryover room values should be EOY.
- Tax Brackets and Rates: This section is very similar to the tax summary but appears at the end.
- The Additional Tax column has been removed from the Taxes Detailed report.
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| 2024 Updates |
- AMT calculation updates for 2024:
- AMT rate increased to 20.5% and in line with the 2nd federal income tax bracket rate.
- AMT exemption set to lower 4th federal bracket lower threshold and will index with threshold.
- 100% of capital gains included in adjusted taxable income.
- Capital gains loss carry forward deduction reduced to 50% and LCGE deduction reduced to 7/5 of amount used in regular tax calculation.
- Majority of NRTC’s reduced to 50% when calculating AMT.
- AMT calculation triggered in additional scenarios including high amounts of realized capital gains and/or stock option benefits.
- Quebec's nonrefundable tax credits have been updated to reflect the province's tax code.
- Quebec's AMT (Alternative Minimum Tax) calculations have been aligned with the federal AMT rules for 2024, with the following exceptions:
- Quebec's AMT exemption is set at $175,000 (indexed for inflation).
- Quebec's AMT rate is set at 19%, up from 14%.|
- CA Taxes Updates for 2024
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| RESP | - Resolved an error that caused an unnecessary CESG Catch Up item to be created.
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| Icons |
- We implemented a refreshed set of icons across our entire product suite, designed to embrace a contemporary design with increased contrast, improving comprehension at a glace. Customized icons are not affected.
- Enhanced the report bar charts with new event icons and a restructured event representation.
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| Plan Promotion | - Addressed items related to promoting the following entities from child plans to base plans.
- Trusts with Beneficiary Information applies to trusts in Canada, the United States, and Australia.
- Companies with Common and Preferred Share Ownership:
- Common share ownership and preferred share ownership percentages for companies in child plans will now be promoted correctly to the base plan.
- This applies to companies in Canada, the United Kingdom, and Australia.
- Term Life/Whole Life/Protection - Beneficiaries and Maturity Data:
- Beneficiary percentages for Term Life, Whole Life, and Protection insurance policies in child plans will now be retained when promoted to the base plan.
- Maturity data for insurance policies in child plans will now be promoted correctly to the base plan.
- These changes apply to insurance policies in the United States, the United Kingdom, and Australia.|
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| Feature | Description |
| Cash Flow Detailed Report | - The stack order of an Insurance on the Cash Flow Detailed chart has been adjusted to match with the ordering on the PDF report. Previously, Insurance was displayed as the last element in the chart but was listed as the third item in the report.
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| Sample Clients | - Advisers can now add sample clients to their AdviserGo accounts with ease. Simply click the Sample Clients tab on the advisor homepage to see a list of pre-created clients that you can add, and optionally, copy and give a custom name. Requires show-sample-client feature key.
- Click the Sample Clients tab on the advisor homepage.
- Browse the list of sample clients and click the one you want to add.
- If a sample client with the same name already exists, you'll be prompted to either create a new copy or navigate to the existing client.
- If you are creating a new copy, you will be able to specify the client type and first and last name.
- Click Save to add the client to your account.
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| Transfers | - Liquidation before transfer is now available when transferring between two non-registered investment accounts.
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| Investment Returns | - The Investment Returns Insight now includes cash accounts in its calculations.
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| Monte Carlo | - Monte Carlo Insight in AdviserGo now includes Net Worth Goals and goals created in ClientGo.
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| Voyant Disclaimer | - Updated the Voyant default disclaimer in client reports to be more informative.
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| Custom Market Assumptions | - Improved the accuracy of correlation coefficients file uploads by adding additional validation.
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| Feature | Description |
| Client Invites | - Advisors now have the option to deliver the client PIN manually if the client is unable to access the PIN via SMS.
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| Insights | - Added a dual chart view to insights to allow comparison of insight chart to plan chart, and other improvements in design and labelling consistency across insights.
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| Reports | - Corrected an issue where the text entered or copied into the Report screen editors would not appear in the generated reports.
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| Life Needs | - Ensured that the ownership of an insurance policy is transferred to the primary beneficiary (or spouse, child, other, in that order) if the policyholder dies before the insured person. This fixes a situation where premiums were still being billed to the deceased policyholder, causing a large insurance need.
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| Pension Commutation | - Pension Commutation Updates:
- Improved the accuracy of Spending Goal ownership by ensuring that it is always set to the owner of the DB pension and their spouse or unmarried partner (if the spouse or partner dies after the owner of the DB pension).
- The analyzer now checks for shortfall until the later of the date of death of the DB pension owner or the date of death of their survivor (if the survivor has a survivorship percent).
- We now show the future value of the payout result.
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| NEW Pension Commutations | - We have added a new feature that allows you to calculate the transfer split for DB pension commutations. This feature is similar to the pension transfer insight, but is now available within the DB pensions screen.
This is done by adding a new toggle to the Defined Benefit Pension. If this toggle is on, the system will calculate the transfer to the LIRA. If it is off, the user will be able to specify the amount to transfer to the LIRA manually.
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| Feature | Description |
| Accessibility | - Voyant audited the AdviserGo application from top-to-bottom and added or improved alt text where needed.
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| ClientGo | - Annuities are now viewable in the Finances list as read-only.
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| Estate | - Added Potential Estate Tax Simulation and Reports. On by default, and can be disabled with |potential-estate-tax-insight| key.
- The Potential Estate Tax Insight now has a report option to reflect the results of the simulation.
|
| Goal Progress | - For a property co-owned by a Trust and a Person, corrected the Property linked Goal Progress Calculation by totaling expenses previously apportioned between Trust and another person.
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| Pension | - Pension transfer insight does not work when asset allocation is turned on
- Taxes on DB pension income now is withheld at source. Using the following website as the withheld tax formula references: [https://pspp.pensionsbc.ca/tax-information-for-retired-members|https://pspp.pensionsbc.ca/tax-information-for-retired-members|smart-link]
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| Promotion | - Users can now promote items and accounts added in a what-if plan to the base plan. The option to Promote will be visible from Overview | Plan Differences- whenever in a child plan and comparing to the base plan.
- Fix to update multi events for Onetime Payments.
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| User Menu | - Corrected verbiage under User Menu where Preferences was inadvertently replaced with Expand User Menu.
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| Feature | Description |
| Tax |
- Deduct all the tax credits from basic province tax before calculating surtax, and we will see a tax refund which is equal to the deduction of surtax by the province tax credits. In the past, we only deduct charitable donation credit before calculating surtax.
- Business tax calculation has been corrected for ON and NB to exclude federal passive income business limit reduction when determining provincial active income rate.
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| Trusts |
- Other income owned by a trust and distributed to individual beneficiaries will no longer automatically be saved to default cash accounts.
- Made the following corrections and clarifications:
- All trust assets now appear in the plan worth charts.
- Revocable trusts are included in the asset and net worth charts ONLY if their settlor is the primary or spouse.
- Irrevocable trusts do not appear in the assets and net worth charts regardless of who the settlor is.
- Plan worth now has a separate Trust Assets category.
- The net worth and assets reports now display trust assets correctly.
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| Insurance |
- Long Term Care Insurance event timing corrected.
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| Language |
- Support for Traditional Chinese has been added to reports.
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| Home Application |
- Added new tab under Profile section that allows the user to change the phone number tied to their account.
- Enhanced security for changing an email by requiring a confirmation code from the new email address.
- Updated text descriptions and external links in HOME.
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